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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 7, 1913)
THE OREGON DAILY JOURNAL, PORTLAND, WEDNESDAY EVENING, MAY .7, 1313, 12 GEMHZ.& a TO MI 111 Liabilities of Pioneer Furniture House in Excess of $300, 000; Assets Oter $400,000; . Heavy Creditors Named. A voluntary petition In bankruptcy Is bring prepared today by Beach, Simon & Nelson, attorneys for I. Qavw-ts & Bon, ami will be filed In the federal court as Boon aa ready, .probably late tomorrow. 'Clerks will work all night preparing the schedules and listing tha assets and liabilities, and in other mat ters connected wtlh the proceedings. This action follows an agreement with the creditors of tha firm, who hold claims amounting to something over 1300,000. The assets are eald to be in excess of $00,000, but are so scattered and In such snap that the exact amount will not ba determined until after the trustee has taken charge and a careful accounting made. A statement prepared by the firm April 1, showed the busi ness In the following condition; Assets. Merchandise . . . . . .lB9,S5G.3 Cash ,..,. .. oil. 90 Ktore and office fixtures,- autos, horses and wagons .. 17,675.77 Bent deposits .OO.O0 Hills Keceivabla f . . . . . . . . ' MSH$ ileal estate 16.775.00 Foster hotel stock $ 49,400.00 Ix-es Depreciation , 10,000.00 S9.400.00 Mallory hotel 61,815.56 Highland Court 5,569.73 ease and customers' ac counts 128,336.73....... ., Less depreciation 66,230.15 72.106.58 Uaker Theatre Stock ' 1.600.00 Total . $404,413.05 liabilities. J)ue for merchandise $177,634.90 Sills payable (F. M. B.) 0.000.00 Bills payable Salaries .. . 5,000.00 Taxes 6,276.60 Account payable 30.688.68 Total ........$264,749.1$ Assets over liabilities ..... .$149,663.87 A Multnomah Hotel company claim amounting to approximately $50,000 has not aa yet been verified, nor has it been Included In above liabilities. This claim Is disputed. v. It la known, however, that the liabili ties now are In excess of the amount listed. At the ime time the bankruptcy pe tition la filed, the creditors will file a petition asking that William H. Behar rell of Heywood Brothers & Wakefield, W. C. Alvord, agent for the Failing es tate, and Elliott Corbett,"be named as trustees. Later, after the company sJ assets hava been carefully inventoried and appraised, It Is probable that a re ceiver will be appointed. "Tha corporation had asked for an ex tension of time," said N. D. Simon of the firm's attorneys, this morning, "and the eastern creditors seemed quite fa vorably Inclined. However, on account of tha delay occasioned through failure of soma of the eastern creditors to re epond as quickly as they perhaps should, soma of tha local creditors and one or two local attorneys for large eastern creditors became Impatient and Insisted on either an assignment or a petition in bankruptcy. Company Baa Baaa Active. "It was decided that a voluntary peti tion In bankruptcy would probably be the cheapest and speediest manner to get the business In shape to be adminis tered economically and promptly. Had a reasonable time been granted to obtain the consent of all the credltora to the extension of time, there la no doubt but that the corporation would have paid all Its obligations or nearly so. As it is, the outcome la a matter of doubt. ' It Is presumed that the business will be carried on by the trustees until the creditors decide what final disposition shell be made of it," The stock In tha corporation la held exclusively by members of the Gevurtr Jamlly and It is one of the oldest con cerns In the city. It is considered that the Carlton and Multnomah hotel ven tures, Jn which it lost heavily, is the direct cause of the failure. Store Is Attached. ' The company has been very active in building operations and among the structures which it has been instru mental In erecting are the Madras hotel. Twelfth and Washington streets; Orlando apartments. Twentieth and Washington streets; Nob Hill apart ments. Nineteenth and Marshall streets; Ioeweraon building, Washington near Thirteenth; Mallory notel Carlton hotel ,and the Koehler building, Fourteenth 'treet near Washington. Among the heaviest creditors are the First National bank, the Falling estate, Howard Brothers & Wakefield Go., Rud-gear-Merle Co. and eastern carpet and furniture firms. The creditors number about 260 and fhft accounts vary from a few dollars up to $30,000. ' The atora was attached yesterdav by a deputy sheriff on behalf of the Home Telephone & Telegraph company, which filed a suit against tha company for RDOUt S400. "ST. LOUIS" WILL COME DURING ROSE- FESTIVAL The United States cruiser St. Louis wilt, be at Portland during the Rose Festival this year. This information was received by the Portland Chamber of Commerce yesterday from Rear Ad miral Alfred ReynoldH, commander In rhief Of the United States Pacific re serve fleet. The 8t Louis s now at Puget sound navy yard. She Is 421 feet in length, 66 fet beam and has a mean draft of 24 feet and C Inches In salt wutcr. She carries 16 officers and 634 men. Ell Best in the World and Lowest in Our hlah-nrade outfits are uneaualed in-rlchncssrstylcandIinisluOvcr 60 ycars experience ft large factories 4G-48 FIFIH '::$tK0Vpm6i PACIFIC POWER PLANT AT HOOD RIVER CL ED (Spoclnl tn The Journal.) Hood River, Or., May 7. Considerable excitement Was created In local labor circles yesterday noon, when word came from -the Pacific Power & Light com pany 'headquarters at Portland to shut down the big electric light and power plant of the company, now in course of construction, and discharge all man. In stead of the 300 men going to work after dinner they went to the office of tho pay clerk, were given their pay checks and at 6 o'clock In tha evening the camp was quiet and deserted. It has been ordered that all the ex tension work contemplated by the local company here be abandoned for the present. The new plant being construct ed on Hood river was to ba a 7006 horso power of the latest type. Much of tha work now In course of construction may be swept away by the high water if left uncompleted. DEPARTMENT HEADS GUESTS AT BANQUET E. C. Learock, western manager of the National Veneer Products company, was tha host last evening to the heads of the'Varlous departments of the Meier & Frank store, at a dinner given at the Hotel Oregon. The affair was given for the purpose of establishing feel ing friendship between the host and the members of tha store. All the guests gave short talks, chief among them being one by Julius Meter on "Enthusiasm in Business," and by F. J. Bolger, advertising manager, on "The Possibilities' of Advertising' The guests were: Julius L. Meier and Abe Meier, George W. Joseph, ItD. Carpenter. A. E. Eck hardt, H. C. Nelson, F. J. Bolger, Lloyd Frank, W. A. Carty, W. B. Kiernan, K. G. Goldsmith, J. P. 4yriU, I. Upright, W. C. Beaumont.' A. Jasmann, W. W. Robinson, H. Jehllnger, C. C. Graves, J. Lawrence, W. L. Harman, C, B. Elk lngton, F. Ruebush, A, N. Stanton, O. C. Cady, Leon Hlrseh, E. C. Learock, T. J. Mullen. O. H. Mulldorfer, W. W. Robinson and G, O, Cady. ' TRUNK MURDER WITNESS FINED IN U. S. COURT J, J. Fitzgerald, former deputy dls- rln tha P-irrMtrOn ad ministration annnrnl In' the United States district court this morning and entered a piea or gumy xor eong xjc, a Chinese, accused of having contraband opium In his possession. A fine of $50 was Imposed. Song Lee Is now in Alaska working In a cannery. Th ntnurrAnijh hrmia'tit un An inter esting phase of the Seld Bong trunk murder, tne cninatown nappemng wnicn ttnnt.il an mnoh attantlnn last vear. Sbng Lee was one of the principal wit nesses for the state against those ac cused of the murder, and friends of thk accused orientals did their best to har- rasa him. They complained to tha po nce mat : Bong .uee naa opium ana no warn arrested and a small can Of the drug was found among his effects. At torney Fitsgerald Interested himself in th. mi. nnA marfA an tn vpatf sration. It was found that the case was in no sense aggravated, and on the recommendation of Customs Inspector McGrath, a mini mum fine was imposed. YOUNG WILL FACE CHARGE OF MURDER For the death of Nels Miller, who wa3 found badly beaten up in his shack on the Patton road November 15 last, Elmer Young Is to be tried for murder before Circuit Judge Gatens tomorrow morning. Toung la alleged to have beaten Miller with a bottle during a drunken quarrel. He was indicted for first degree murder. Miller and his wife lived In a small house alone and Young lived near. Miller was 72 years olid and left beside his wife five grown children. Young was married but had no children. Young was arrested the day following the murder and baa been in the county Jail since. Atorneys St. Rayner and Kwors will defend Young, while Deputy DiRtrlct Attorneys Murphy and Collier will prosecute the chargea. - MAY "SELECT TEAL - -t AS CANAL ARBITER In case the Pahama canal toll question should be brought up for International arbitration at The Hague, J. N. Teal of this city will bs urged as one of the delegates to be sent from the United States. Upon several requests from all over the Pacific northwest, the Portland chamber of commerce board ef trustees yesterday decided to recommend Mr. Teal for this position, which Is a most important one. OREGON DELEGATION GETS RESOLUTIONS Letters have been received by the city auditor from Senator Lane and Congress men' Lafferty. Slnnott and Hawley. no tifying the auditor that they have re ceived copies of a resolution adopted by the city council favoring federal owner ship of telephone and telegraph lines. The letters say the different members of the Oregon delegation In congress are giving the resolution careful attention TWO JUDGES TO HEAR SALOONMAN'S CASE Justices Jones and Bell will sit en banc this afternoon In the case, of J. J. Russell, proprietor of a north end aa loon, who was arrested some time ago on a cnarge of allowing gambling In his place. The preliminary hearing will be held at 3 o'clock this afternoon in Justice Bell's courtroom. Price LEGALQUEST ABOUT PETITIONS I Status of Nominating Petitions Fijed After Regular Office Hours Raises Issue; Opinion of -City Attorney's Office." . Though the city attorney's office submitted ani opinion to City Au ditor A. L. Barbur yesterday after, noon in answer to, the auditor's appeal for advice as to the legality of nomi nating petitions filed Saturday under the provisions of the commission Char ter, the legal point raised as to the validity of petitions filed after regular office hours Is still In doubt. Deputy City Attorney Lfttouretie, acting for City Attorney Gram, who is out of tne city, says he is making a further search for authorities on this Question. Two points have been raised tn re gard to filings of nominating petitions. One Is as to whether or not it was legal to circulate the petitions before the polls closed Saturday. The other casts doubt as to the legality of filings made after 6 o'clock In tho afternoon of Sat urday, that hour being the regular time for the closing of the auditor's office. When Charter Takes Effect. "I am of the opinion." reads Mr. Latourette's opinion, "that the new charter took effect Immediately upon the closing of' the polls at 7 o'clock p. m., May 3, In so far as the same ap plies to the election of mayor, auditor and commissioners. . "The nominating certificates pre sented to the city auditor Saturday do not disclose the time of signing other than tha 3rd of May, and In any event the certificates k not speak or become effective until presented for filing. Whenever a petition is presented, I am of the opinion that It is the duty of tha auditor to Immediately Indorse' the day and hour it is presented, and If the pe tition la found to conform to the pro visions of the charter, file tha same im mediately, t otherwise return the same within three days to the person Indi cated In the petition. "From my observations, I am of tha opinion that you are not authorized to return any of the petitions merely be cause the signatures, or some of them, have been obtained prior to the time the new charter was adopted. Distinction Zs Drawn, "As to the question whether or not the petitions are defective because filed out of office hours, a distinction Is to be drawn between the time when th,e pe tition la presented and the tuna when it Is filed. Section 23b of the new charter provides: 'Tha names of the candidates for each office shall be arranged on tha ballot In the order In which the nomi nating petitions were filed.' The fact that a petition Is presented for filing out of office hours does not render tha petition defective within the provisions of the charter relatlnf-to a return of defective petitions." While the opinion rules that petitions presented for filing Saturday are not de fective. It doea not say whether or not the namea of those on such petitions shall take priority over those filed Mon day morning. On this point the city at torney's office Is still seeking enlighten menu , The Switchmen'.s International union of North American will hold Its con vention this year at Houston, Tex., May 19-24. PERSONAL OPINION OF ELDERLY WOMAN Mrs. A. N. Pettigrcw, of Seat tie, Sayi Plant Juice Al most Made Her Young Again. Among the Seattle ladles who , hava tried Plant Juice and found it good la Mrs. A. Nl Pettlgrew, who resides at 118 Twenty-ninth avenue. She says: "I have only used one boftle of Plant Juice and It surely has helped me. Of j course, at 78 I do not expect to bai made young again, but 1 felt as though there was something, somewhere, if I could only find that, It would relieve me of my stomach and liver troubles. My liver has given me considerable trouble for a good many years. Last fall I had a severe attack of biliousness and have not felt well all winter. Plant Juise has helped me from the very' first dose and I think it Is Just what I needed." Plant Juice is a vegetable remedy that has proven of great bene'flt to elderly i and aged as well as the younger genera-: tion. As a genera! tonic, vltalizer and' Invlgorator, It is without an equal. It tones up both mind and body and gives energy and strength. Those who suf fer from poor circulation, impoverished blood, low vitality. Indigestion, gas or i bloating after meals, headaches, dizzy! spells, a feeling of falntness or weak-' ness, hot flashes, pains across tha back or in the joints and under the shoulders, will find quick relief In the use of t Plant Juice. Try It and see for your-j self. The Plant Juice man Is at the ; Owf Drug Company's store, 7th and j wasmngion. uei a Dome rrom turn today, and if It does not help you he will- refund your money. t cut down tipe-bills-- UNITED STATES! TIRE COMPANY 84 7th St., Portland, Or. S STILL IN DOUB iiHill iiiiiiEsrra t. f . aw : . .'. rv: ! ' WILLbOQN KUNIH Everv interurban line Railways Are 'Dollars Into erty owner doubling and trebling Hillsboro realty values and promoting manufacturing and in -Jdustrial enterprises. The proposed Hill tunnel will shorten the running time between Portland ' and Hillsboro from thirty-five to twenty minutes. The far-sighted person can instantly see the wisdom of making an investment in this favored district now. Tomorrow maybe too late antici pate time go on our excursion Sunday and reserve a lot that will make two dollars for every dollar invested. . Prices Excursion For Op Us and See This Property Right in the Heart of Hillsboro THE INVESTOR'S OPPORTUNITY! JUST WHAT THE HOME BUILDER HAS BEEN Hillsboro is a live, growing suburban community with every metropolitan convenience and necessity our property is just one -block from the Courthouse right on' the P., R. & N the Southern Pacific Extension and just one block from the Oregon Electric. The property is sur rounded by attractive homes and possesses every requirement of the discriminating home-S iseeker. Get your tickets from us and visit this property Sunday. ;. ' Smith -Willoughby Company Sales Agents 90 Fifth Street, Portland Oregon $3.50 Round Trip from Portland Account Military Day, 6. A C, May 9 VIA fOi sunset m I '(KOENftSHASTAl I Tl Account the annual drill and inspection of the OA. C. Cadets at Corvallis, tickets will be sold from Port land at the above fare, and from other points on Main Line and branches Eugene and Noh.at ONE AND ONE THIRD FARE - - Sale Dates And Limit " Tickets on,.Sale May 8 and 9, with final Return Limit May 12. ' ' ' lLnykgentTr Sixth Street, corner OaTc; 4th and Yamhill,; Union" : Depot, or East Morrison Depot; or address , - p- -'. JOHN M SCOTT, General Passenger Agent,' r 25nf now operating in Washington R Get Tickets $3.50 TH5 :m . j i ii'i. f pvy r i n n) ii it-it. I . r: 1 . k' I. a t l a edueed ening Day, Tif ni r--- HiilsEoFo ! County isenrichinr the Hillsboro prop j&i-m lit- In j From iiijuuMMMiiiu-iiryirvr L10DEM1QE11GLI5H DICTIONARY . r UHtSENTtD'HY'Tnt. tew OREGON JOURNAL, MAY 7, 1913 9 r i i SIX APPRECIATION CERTIFICATES CONSTITUTE A SET Show your sndorsemea of this great aauoatlonal opportunity tor out, ting ont the abova Oertif ioata of Appreciation with 4lr others of con outlva dates, and prasaatlng them at tola offloa, with the expense bonus amount herein sat opposite any style of Dictionary seleoted (which covers tn Items oi the oost ox pacaong. express srom n xaciory, oneca- Ur, eier ure and othar aiuiiirr presantad with rout choice of these tXH tXATKXS KODERN ENGLISH diotzohAky -Sllnitratad Equal t Any & . UiUag for eral contents, there are maps and over 600 subjects beautifully illustrated by 3-color plates,' pumerous subjects by monotones, 16 pp. f o! educational charts and th latest United States Census. F$f Present at this office SIX Consecutive Certificates and - HALT WAIHWt - 'It la exactly tha, MODEBN ENGLISH "LhgVoTr PIOTTOKAY. XUnatrateA Xaual to Aay 1- tallies for SI.00 ; . piv.9 l tigti except mine v0? blndinPi which la in half i a a i n er, m ners. BUl.ll 1 e a t h er. - ' a q u a r e eornara, Cartlflcatsa nd.. i - I Any too hr wall "'4l... - 11 ! BIG LOTS AND UP WAITING FOR CERTIFICATE sxrEflB items), three books. and you will b aM- (Like illustrations in the announcements front foy to day.) It js the ONLY entirely NEW compila tion by. the world's greatest authorities ffom lead ing universities; is bound in full. Limp Leather, flexible, stamped in gold on back and. sides, printed on JJibJe paper, with red edges and corners rounded- beautiful, etrnncr Hurahle Rpcidr tVi rn CLOTH BOUTS Is In plain cloth ' unnrDMrwrncu biding, sumpea iuwvuui iimiMUU in goia and black mmrAViav naa same paper, same illustrations but all u of tha -g . f - XUnatratad I- . , I vuiUnt for , St. GO oWrnffc1iartl4 are:) omiWd, Six Cer- V " tlfloataa and. ,. ,, sao extra rot tostara. v . , Portlandj Oregon. JOURNALWANT-ADS PAYDEST te;.YY:Y A